Sunset Capital Assets, Inc. (SNST)

[loanranger]

"Florida is expected to be the first:"

That's the point. How did Prescient Community Developers, LLC get to be "a leader in faith-based senior housing" without ever having created any faith-based senior housing?


And I wonder what happened here?

Senior living pulls in $31M in new projects
Katie Demeria March 23, 2015
"An out-of-town development firm is planting roots in Henrico County with a 118-bed assisted living facility on land owned by the New Bridge Baptist Church.

Ohio-based Antioch Plan Developers was founded three years ago by President and CEO Stephen Bolt. The company works across the country to erect assisted living facilities on excess land owned by churches to serve a growing senior population and provide the church with an additional revenue stream.

The 91,000-square-foot facility is to be constructed on 8 of the 63 acres that New Bridge Baptist owns at 5701 Elko Road, where its church is located. The project should cost just under $20 million."

"Construction should start around November and the facility will likely open a little over a year later. It will include a memory care and independent living wing."
http://richmondbizsense.com/2015/03/23/senior-living-pulls-in-31m-in-new-projects/

It's "a little over a year later" right now and there's no facility or any sign of construction on the site. Or any mention of it on the Church's website.
http://www.newbridge-church.com/

I wonder what Sunset's new partner would say about that?